Adani Group Joins WEF's Transitioning Industrial Clusters to Establish Green Hydrogen Hub
Key Ideas
- Three Adani group firms have joined the WEF initiative to drive economic growth and advance decarbonisation by 2050.
- The Adani Mundra Cluster aims to become an integrated green hydrogen manufacturing hub, reducing India's dependency on energy imports.
- APSEZ is committed to achieving net-zero emissions by 2040, with the Adani Mundra Cluster planning to produce 3 million tonnes of green hydrogen by 2040.
- The cluster will establish a fully integrated value chain for green hydrogen production, including solar modules, wind turbines, and electrolyser manufacturing.
Three Adani Group firms, including Adani New Industries Ltd, Adani Ports and Special Economic Zone Ltd (APSEZ), and Ambuja Cements Ltd, have joined the World Economic Forum's 'Transitioning Industrial Clusters' initiative to form the Adani Mundra Cluster. The aim of this initiative is to collaborate and align the vision of co-located companies to drive economic growth, generate employment, and advance decarbonisation by 2050. The Adani Mundra Cluster is set to become an integrated green hydrogen manufacturing hub to decarbonise the hard-to-abate sectors of the Indian economy and reduce energy imports dependency.
The cluster plans to achieve significant milestones, with APSEZ targeting net-zero emissions by 2040 and the Adani Mundra Cluster aiming to produce 3 million tonnes of green hydrogen annually by 2040. The project includes a comprehensive value chain with 10 GW of solar modules, 5 GW of wind turbines, and 5 GW of electrolyser manufacturing capacity, emphasizing its commitment to the green energy transition. By leveraging Gujarat's renewable energy capacity, the cluster aspires to be one of the leading green hydrogen hubs in South Asia, fostering knowledge exchange and advancement in the energy transition within the international community of industrial clusters.